Loading ...While the world watches Iran, Ukraine just set fire to Russia’s largest oil export terminal on the Baltic Sea.
Every barrel that does not load at Primorsk is a barrel that does not reach a European refinery. Every barrel trapped in the Gulf is a barrel that does not reach an Asian refinery. The planet is now short on both ends: the Gulf that feeds Asia and the Baltic that feeds Europe. The fertilizer plants, the ammonia synthesis, the urea granulation, the planting season, the food supply, the helium for TSMC, the chip fabrication: all of it runs on molecules that are currently either trapped behind a closed strait or burning in a fuel tank on the Baltic Sea.
Two wars. Two chokepoints. One planet. Zero spare capacity.
Well at least today the oil market doesn’t seem too concerned about it.
Am I too suspicious to say that there is probably a link between the gas closures now and those that began when BASF went offline after the Nord Stream II was destroyed? That event took out the worlds largest maker of nitrogen fertilizer and now we have a repeat situation where other countries will similarly be deprived of the key product (natural gas) that is needed to make fertilizer.
This is about food production and starvation of the worlds poor. Because the ones who suffer most from high priced food are those least able to buy what is available. As I live in Africa I am deeply concerned with the advent of a global fertilizer shortage. For the West its just high prices and those are inconvenient. But for the poor its an existential threat as food will flw only to those able to buy it.
Have the globalist engineered a global starvation event?
“They” want you dead.
As the Karens in my neck of the woods say, “It’s all Trump’s fault!”.
If the chairlift stops for a few minutes, “It’s all Trump’s fault!”.
If these ladies have a hangnail, “It’s all trump’s fault!”.